Rockies Express Pipeline LLC (Entrega)
Second Revised Volume No. 1
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Effective Date: 09/01/2007, Docket: CP06-354-002, Status: Effective
Original Sheet No. 168 Original Sheet No. 168 : Effective
GENERAL TERMS AND CONDITIONS
13. EVALUATION OF CREDIT (Contd.)
13.1 (Contd.)
D. Transporter's credit appraisal procedures involve the
establishment of dollar credit limits on a standardized,
nondiscriminatory basis. To the extent that a Shipper's
accounts with Transporter do not exceed such limit, and
Shipper has met all creditworthiness requirements as
determined in periodic credit reviews by Transporter, which
reviews may be conducted on at least an annual basis, no
new credit appraisals shall be required when an existing
Agreement is amended or a request for a new Agreement is
made, provided that Shipper's payment history has been
satisfactory and there is no bona fide basis for
questioning Shipper's creditworthiness, subject to the
provisions of Section 3.8 and 13.2 of these General Terms
and Conditions.
E. In the event Transporter constructs new facilities to
accommodate a Shipper, Transporter may require from the
Shipper security in an amount up to the cost of such
facilities. Security hereunder may be in any of the forms
available under Section 13.1B of these General Terms and
Conditions, at Shipper's choice. Transporter is only
permitted to recover the cost of facilities once, either
through rates or through this provision. As Transporter
recovers the cost of these facilities through its rates,
the security required shall be reduced accordingly. Where
facilities are constructed to serve multiple Shippers, an
individual Shipper's obligation hereunder shall be for no
more than its proportionate share of the cost of the
facilities. This provision is in addition to and shall not
supersede or replace any other rights that Transporter may
have regarding the construction and reimbursement of
facilities.
F. Transporter shall not take any action under this Section
13.1 which conflicts with any order of the U.S. Bankruptcy
Court.